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Learn More about buying ECS in Indonesia
How to buy eCredits in Indonesia
Is ECS a good investment in Indonesia?
The eCredits Ecosystem is a decentralized, blockchain-based ecosystem with its own native,
usable cryptocurrency, called eCredits (ECS). According to the official website of eCredits, by
using the eCredits Blockchain, local and regional micro-ecosystems will be able to develop,
provide, and sell services and goods. This movement will be supported by the eCredits
ecosystem, which aims to provide a platform for this aim. These services are designed to aid
micro, small, and medium-sized businesses (MSMEs) in competing on an equal footing or even
surpassing larger market participants. As a result, local businesses will be able to connect with
their customers on a whole new and direct level. This will give local suppliers opportunities to
reward their customers by enabling them to earn discounts and bonuses through repeated
purchases. Since eCredits ecosystem is built on and powered by blockchain technology, which
is by its very nature decentralized and secure, it also supports diversity and incorporates social
values like equality into its functionality. With regard to making purchases from small businesses
and retailers, eCredits wants to become the method of choice for customers. The overall goal of
eCredits is to encourage local shopping, strengthen neighborhood communities, and promote
more environmentally friendly behaviors
What is eCredits ?
ECS is the abbreviation and official sign for eCredits, which is a digital currency or form of digital
asset that is operating on its own decentralized blockchain as a pro-environmental project.
Learn more on eCredit's official website.
Is eCredits legal to buy in Indonesia?
Yes, it is legal to buy cryptocurrencies in Indonesia but cryptocurrency is not considered an
official form of payment in Indonesia. This is according to The Indonesian government’s
released Working Paper, through which the government along with the Indonesian Central Bank
has recognized the growing market of crypto assets and its usage and has mentioned that it is
monitoring the development of the cryptocurrency industry and may issue further regulations in
the future. As of now (12th of February 2023), the regulation of cryptocurrencies in Indonesia is
limited, and it operates in a somewhat gray area but it is expected to improve further in the near
Is eCredits taxed in Indonesia
Yes. The article regarding cryptocurrency taxation in Indonesia can be found in the Indonesian
Tax Law, specifically in article 25 concerning "taxable income". According to the mentioned
article, cryptocurrency transactions in Indonesia are subject to income tax as they are
considered a form of "other income." According to the same mentioned Article, the taxation rate
for individuals is based on the individual's tax bracket, from 0.5% to 30% and for companies, it
is a flat rate of 20%. This means that individuals and entities who engage in cryptocurrency
transactions, such as buying, selling, or trading, must report their crypto-related income and pay
taxes on it.
Moreover, it is important for individuals and entities who engage in cryptocurrency transactions
in Indonesia to accurately report their crypto-related income and pay taxes on it to avoid
penalties and fines. It is recommended to consult a tax professional for further information on
the specific regulations and obligations for cryptocurrency taxation in Indonesia.
After you've bought eCredits in Indonesia
With the goal of being "the People's Currency," eCredits enables users to pay with ECS, send
and receive payments quickly, trade cryptocurrencies freely, and earn eActivity as bonus. With
its own custom wallet, ECS can be used for peer-to-peer transactions as well as in-person and
online retail establishments, bars, and restaurants.
Who can buy eCredits in Indonesia?
In Indonesia, cryptocurrency can be purchased by individuals and businesses who are allowed
to purchase it by the law. Banks, payment processors, and exchanges are some common and
legal entities that offer services to buy cryptocurrencies in Indonesia. On this note, our
exchange is one of the most secure service providers when it comes to buying crypto assets in
Indonesia. Our exchange is legal and offers you different payment methods to purchase your
intended amount of cryptocurrency while charging you no transaction fees which would be very
cost-effective. Some of the best payment methods that we offer are: Apple Pay, Google Pay,
credit card, debit card, bank transfer, and PayPal.
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Payment methods to buy eCredits in Indonesia
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Frequently asked questions
The future of eCredits is highly dependent on the overall performance of the crypto industry.
You need to make sure you are employing the appropriate strategy when it comes to investing
in ECS. For those with a high holding capacity and sound financial standing, this type of
investment seems like a good option. ECS also exposes users to a global technology and an
expanding ecosystem. Given that scarcity often leads to price increases, the value of eCredits is
also anticipated to rise further according to some experts. However, we recommend that before
purchasing ECS you should conduct the maximum research possible.
In Indonesia, individuals are required to report and pay taxes on their cryptocurrency
transactions. In order to report cryptocurrency taxation in Indonesia you need to keep records of
all cryptocurrency transactions, including the date, amount, and type of transaction. then, it is
necessary to calculate the taxable income from your cryptocurrency transactions using the
appropriate tax rate. Next, file a tax return with the Indonesian Tax Office (Direktorat Jenderal
Pajak) and report your taxable income from cryptocurrency transactions. And lastly, pay the
taxes owed on your cryptocurrency transactions. It's important to note that the regulations
surrounding cryptocurrency tax in Indonesia are constantly evolving, and taxpayers should keep
themselves updated on the latest developments and seek advice from a tax professional if
Yes, you can sell cryptocurrency in Indonesia. However, the regulation of cryptocurrency in
Indonesia is a bit not yet so clear and it is advised to consult with a legal expert before
conducting your cryptocurrency transactions. It is also known that Indonesia allows selling
crypto assets through exchanges and it is supervised by the Commodity Futures Trading
Regulatory Agency (BAPPEBTI), a body under the Ministry of Trade. It is also recommended to
do research before engaging in cryptocurrency sales inside the country.
eCredits are available for less than one dollar. In this case, the minimum number of eCredits
you can probably buy is determined by the minimum purchase amount that your exchange
allows. The minimum payments start at $10 in our exchange.
The exact number of cryptocurrency owners is not specifically known, but according to some
data, it shows that around 4.3%, which would be about 11 million of its population, owned some
form of cryptocurrencies.
Users of eCredits use an eWallet app, which simulates a non-custodial cryptocurrency
wallet. This means that only you have access to your assets and can store them.
Nobody else can access or restore your private key, and only you are permitted to send
or receive assets. On a decentralized blockchain, every transaction is safe and
inaccessible. This eWallet also allows users to connect with third party centralized or
decentralized applications or exchanges. Please note that in order to ensure your
assets’ security, User Account, Secret Phrase and the Private keys should be kept
personal and you may not share your credentials with anyone. You are solely
responsible for remembering, storing, and keeping your credentials in a secure location;
therefore, it is recommended to back up your information so that you can safely retrieve
them in case it was lost.